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81PepsiCo, Inc. 2008 Annual Report
Selected nancial information for our pension and retiree medical plans is as follows:
Pension Retiree Medical
2008 2007 2008 2007 2008 2007
U.S. International

Liability at beginning of year $«6,048 $5,947 $1,595 $1,511 $«1,354 $«1,370
SFAS 158 measurement date change (199) –113 –(37) –
Service cost 244 244 61 59 45 48
Interest cost 371 338 88 81 82 77
Plan amendments (20) 147 24(47) –
Participant contributions ––17 14 ––
Experience loss/(gain) 28 (309) (165) (155) 58 (80)
Benet payments (277) (319) (51) (46) (70) (77)
Settlement/curtailment loss (9) –(15) –(2) –
Special termination benets 31 –2–3–
Foreign currency adjustment ––(376) 96 (10) 9
Other ––(1) 31 (6) 7
Liability at end of year $«6,217 $6,048 $1,270 $1,595 $«1,370 $«1,354
Change in fair value of plan assets
Fair value at beginning of year $«5,782 $5,378 $1,595 $1,330 $÷«÷÷«– $÷÷÷÷–
SFAS 158 measurement date change (136) –97 –––
Actual return on plan assets (1,434) 654 (241) 122 ––
Employer contributions/funding 48 69 101 58 70 77
Participant contributions ––17 14 ––
Benet payments (277) (319) (51) (46) (70) (77)
Settlement/curtailment loss (9) –(11) –––
Foreign currency adjustment ––(341) 91 ––
Other ––(1) 26 ––
Fair value at end of year $«3,974 $5,782 $1,165 $1,595 $÷÷÷«– $÷÷÷÷–
Reconciliation of funded status
Funded status $(2,243) $÷(266) $÷(105) $«÷÷÷– $(1,370) $(1,354)
Adjustment for fourth quarter contributions –15 –107 –19
Adjustment for fourth quarter special termination benets –(5) ––––
Net amount recognized $(2,243) $÷(256) $÷(105) $«÷107 $(1,370) $(1,335)
Amounts recognized
Other assets $÷÷÷÷– $÷«440 $÷÷«28 $«÷187 $÷÷«÷«– $÷÷÷÷–
Other current liabilities (60) (24) (1) (3) (102) (88)
Other liabilities (2,183) (672) (132) (77) (1,268) (1,247)
Net amount recognized $(2,243) $÷(256) $÷(105) $÷«107 $(1,370) $(1,335)
Amounts included in accumulated other
comprehensive loss/(credit) (pre-tax)
Net loss $«2,826 $1,136 $÷«421 $«÷287 $÷««266 $÷÷276
Prior service cost/(credit) 112 156 20 28 (119) (88)
Total $«2,938 $1,292 $÷«441 $÷«315 $÷««147 $÷÷188
Components of the increase/(decrease) in net loss
SFAS 158 measurement date change $÷«(130) $÷÷÷«– $÷«105 $÷÷÷«– $÷«÷(53) $÷÷÷÷–
Change in discount rate 247 (292) (219) (224) 36 (50)
Employee-related assumption changes (194) –52 61 6(9)
Liability-related experience different from assumptions (25) (17) (4) 710 (21)
Actual asset return different from expected return 1,850 (255) 354 (25) ––
Amortization of losses (58) (136) (19) (30) (8) (18)
Other, including foreign currency adjustments and 2003 Medicare Act ––(135) 23 (1) 10
Total $«1,690 $÷(700) $÷«134 $÷(188) $÷«÷(10) $÷÷«(88)
Liability at end of year for service to date $«5,413 $5,026 $1,013 $1,324